Containers carrying goods from the United Arab Emirates, which entered Israel on an MSC cargo ship, are unloaded with a cargo crane bearing Israeli and Emirati flags at Haifa's port, northern Israel, on Oct. 12, 2020. Amir Cohen/Reuters
JERUSALEM—Israel and the United Arab Emirates have concluded negotiations for a free trade agreement, Israel’s Economy Ministry and the UAE foreign trade minister said on Friday after formally establishing ties in 2020.
The UAE and Israel have between $600 million and $700 million in bilateral trade, UAE’s economy minister Abdulla Bin Touq Al Marri said in September.